Livepeer (LPT) price, chart, coin profile and news
Find the latest Livepeer (LPT) price, coin profile, news and history to get you started with Livepeer trading and investing.
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What is Livepeer?
Livepeer is an Ethereum-based protocol that provides an open-source video transcoding service, which reformats videos to suit multiple bandwidths and playback formats.
According to Livepeer’s website, the platform wants to make streaming decentralised while providing an economic and secure infrastructure for videos. By leveraging a two-layer consensus mechanism, Livepeer claims to greatly reduce video transcoding and streaming costs compared to legacy methods. It is packaged as a scalable Platform-as-a-Service (PaaS) product that can be utilised by businesses who want to add live or on-demand video.
LPT is the native token of the Livepeer network and is essential to the Delegated Proof-of-Stake consensus mechanism. Users can stake LPT tokens to secure and support the network, either as Orchestrators (donate computing power), Transcoders (reformat videos) or Delegators (donate LPT tokens to an Orchestrator). By staking LPT tokens, it incentivises all parties to act for the good of the network. The LPT token is also used for governance of the Livepeer protocol.
Livepeer (LPT) is the 140th largest cryptocurrency in the world by market cap, valued at $306,157,647. The current price of Livepeer is $16.618, which is -6.308% lower than yesterday. Prices have ranged between $17.906 and $16.422 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 27, 2022 04:05 UTC.
Recent Livepeer developments
January 2022: Livepeer concluded its Series B funding round, raising $20 million from investors including Alan Howard and Tiger Global.
Livepeer (LPT) priceUse our graph to track the performance of (LPT) over time.
Livepeer at a glance
|Total LPT supply||25,580,440|
|All time high||AUD$194.096|
|All time high date||November 09, 2021|
|Notable team members||Doug Petkanics, Eric Tang|
Livepeer price performance over time
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Disclaimer: Cryptocurrencies, including Livepeer, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LPT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Livepeer or any other cryptocurrency discussed.
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